TD Cowen Issues Positive Forecast for Qualys (NASDAQ:QLYS) Stock Price

Qualys (NASDAQ:QLYS) had its price target hoisted by TD Cowen from $130.00 to $150.00 in a research note issued to investors on Wednesday morning, Benzinga reports. TD Cowen currently has a hold rating on the software maker’s stock.

Other analysts also recently issued research reports about the stock. Morgan Stanley raised their price objective on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday. Needham & Company LLC initiated coverage on shares of Qualys in a report on Wednesday. They issued a “hold” rating on the stock. Piper Sandler reduced their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Finally, Truist Financial cut their target price on shares of Qualys from $130.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $152.80.

Qualys Price Performance

QLYS opened at $159.23 on Wednesday. The firm’s fifty day moving average price is $124.93 and its two-hundred day moving average price is $136.32. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 35.07 and a beta of 0.47. Qualys has a 1 year low of $119.17 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. During the same quarter in the previous year, the business earned $0.95 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Qualys will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,919 shares of company stock valued at $1,360,140 over the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

A number of hedge funds and other institutional investors have recently made changes to their positions in QLYS. DekaBank Deutsche Girozentrale increased its position in Qualys by 36.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock valued at $3,374,000 after purchasing an additional 5,508 shares during the period. SG Americas Securities LLC lifted its holdings in Qualys by 2,459.9% in the second quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock worth $6,151,000 after buying an additional 41,450 shares during the period. Illinois Municipal Retirement Fund purchased a new position in shares of Qualys during the 1st quarter worth approximately $1,139,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Qualys by 13.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock valued at $18,048,000 after purchasing an additional 12,915 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Qualys by 57.7% in the second quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock worth $1,950,000 after purchasing an additional 5,004 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.